Roanoke Asset Management Corp NY grew its holdings in AT&T Inc. (NYSE:T) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,272 shares of the technology company’s stock after acquiring an additional 475 shares during the quarter. Roanoke Asset Management Corp NY’s holdings in AT&T were worth $2,004,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. California Public Employees Retirement System lifted its holdings in shares of AT&T by 18.1% during the third quarter. California Public Employees Retirement System now owns 28,020,401 shares of the technology company’s stock worth $1,060,292,000 after purchasing an additional 4,292,231 shares during the period. State of Tennessee Treasury Department lifted its holdings in shares of AT&T by 63.9% during the third quarter. State of Tennessee Treasury Department now owns 5,692,964 shares of the technology company’s stock worth $215,422,000 after purchasing an additional 2,220,433 shares during the period. Comerica Bank lifted its holdings in shares of AT&T by 82.8% during the third quarter. Comerica Bank now owns 3,762,792 shares of the technology company’s stock worth $138,546,000 after purchasing an additional 1,704,159 shares during the period. Poplar Forest Capital LLC lifted its holdings in shares of AT&T by 233.3% during the third quarter. Poplar Forest Capital LLC now owns 1,459,076 shares of the technology company’s stock worth $55,211,000 after purchasing an additional 1,021,371 shares during the period. Finally, Maj Invest Holding A S lifted its holdings in shares of AT&T by 25.4% during the fourth quarter. Maj Invest Holding A S now owns 4,601,176 shares of the technology company’s stock worth $179,813,000 after purchasing an additional 931,469 shares during the period. 53.65% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on T. HSBC downgraded AT&T from a “buy” rating to a “hold” rating and set a $42.00 target price for the company. in a report on Thursday, November 14th. Royal Bank of Canada reaffirmed a “hold” rating and set a $38.00 target price on shares of AT&T in a report on Thursday, January 30th. UBS Group lifted their target price on AT&T from $49.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday. Moffett Nathanson downgraded AT&T from a “neutral” rating to a “sell” rating and set a $30.00 target price for the company. in a report on Tuesday, November 19th. Finally, SunTrust Banks lifted their price target on AT&T to $36.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $40.03.
T stock traded down $0.01 during trading on Friday, hitting $38.31. 12,202,338 shares of the company traded hands, compared to its average volume of 33,185,066. The stock’s 50-day simple moving average is $38.47 and its 200 day simple moving average is $37.41. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.80 and a quick ratio of 0.74. The company has a market cap of $278.94 billion, a PE ratio of 20.16, a P/E/G ratio of 2.24 and a beta of 0.63. AT&T Inc. has a 1 year low of $29.55 and a 1 year high of $39.70.
AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. The company had revenue of $46.82 billion during the quarter, compared to analysts’ expectations of $47.06 billion. AT&T had a return on equity of 13.37% and a net margin of 7.67%. AT&T’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the business earned $0.86 earnings per share. Research analysts expect that AT&T Inc. will post 3.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, January 9th. This is a boost from AT&T’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.43%. AT&T’s payout ratio is 58.26%.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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